FirstCity Financial to Webcast Its First Quarter 2008 Conference Call

In conjunction with FirstCity Financial Corporation’s (NASDAQ: FCFC) first quarter 2008 earnings release before market on May 12, 2008, the company invites you to participate in its quarterly conference call to be held on Monday, May 12, 2008 at 9:00 a.m. Central Time. During the call, FirstCity management will discuss first quarter 2008 results. A question and answer session will follow the prepared remarks. Event:   FirstCity Financial Corporation First Quarter 2008 Conference Call   Date: Monday, May 12, 2008   Time: 9:00 a.m. Central Time   Host: James T. Sartain, FirstCity's President and Chief Executive Officer   Web Access: FirstCity's web page www.fcfc.com/invest.htm or, CCBN's Investor websites www.streetevents.com and, www.fulldisclosure.com   Dial In Access: Domestic 888-396-2369 International 617-847-8710   Pass code 17543120 FirstCity Financial is a diversified financial services Company with operations dedicated solely to portfolio asset acquisition and resolution. The company has offices throughout the U.S., with affiliate organizations in Europe and Latin America. Its common stock is listed on the Nasdaq Global Select Market System under the symbol "FCFC.”